Small quilted items were always popular to make, and were often given as gifts. This was especially true after WWII when evening classes in crafts were popular. Larger quilts were too laborious to make, but smaller items were more achievable and fitted in well with the "house beautiful" movement.
This tea cosy, like most, seems unused. It is from Wales, but was made from a commercial pattern.
Here is another from Tyneside, with corded, or Italian, quilting. Both sides are the same.
These small items have a colourful, almost jewel-like quality. The quilters must have been pleased once these were made up!